Mountain Province Diamonds Inc T.MPVD

Some Balance to Diamondboy

[explman]

The diamond and specialty minerals stocks box score on Friday was a positive 113-81-116 as the TSX Venture Exchange rose fractionally to 622. Oops -- that was a short-lived rally in rough diamond prices. Paul Zimnisky's global rough diamond price index followed last week's 0.6-per-cent increase with a 0.2-per-cent drop this week.
And that is not all: The New York-based Mr. Zimnisky regularly readjusts his chart with late-to-arrive data, and that tardy new information wiped out most of the previous week's gain. And so, Mr. Zimnisky's index is now down 12.5 per cent from its all-time high, set in mid-February last year. The good news is that is still a full percentage point better than two weeks ago, when the readjustment pushed his index to 13.5 per cent below the high.
Where to from here, weary diamond promoters and miners undoubtedly ask, but there is little solace in the chart, other than a hint of a flattening in the decline if one squints long and hard at its squiggly, southbound line. Indeed, longer-term trends in rough diamond prices no longer look as enticing now as they did a year earlier, when they were at least matching inflation. Mr. Zimnisky now says prices are just 17.5 per cent higher than in early 2018, roughly on pace with inflation, but are up only 14.3 per cent over their early 2013 level.
The regular sales of rough diamond production by De Beers show a disquieting pattern. The company had a marked increase with its first sale of 2022, and sales peaked during the summer with three consecutive offerings averaging over $640-million (U.S.). Revenues have been declining since then, falling to just $410-million (U.S.) in its last sale of 2022. Analysts attributed the decline to China's economic slowdown and to the high cost of rough translating into less demand for jewellery.

[Power33]

Let me first say that Panmure  Gordon , a London based broker who specialises in the diamond sector , came out with a report yesterday on 2023 rough prices. They forecast considerable price increases this year. De Beers have recently increased prices for smaller goods I believe by 15 pc. This is an area that mpvd specialises in, filling a void after Argyle closing down. You are right that

[Diamondboy123]

Power Expelman is sour. Never says a positive thing. Check my previous posts. I've been both hot and cold on mpvd and diamonds in general. I slam mackie as a terrible black spot on our management team for instance. Nevertheless I'm hot now cause the sanctions on Alrosa are starting to really bite and sadly the conflict is worsening with tank deliveries due in a few months and Russian

[explman]

Lets say you are correct. That is one leg of the tripod. Any thoughts on where costs and demand are going to go?

[Diamondboy123]

 Costs will go up they are for all industries. Demand I've addressed.  The rich are always buying.  So are the pent up newleeweds.  Great volume today.  

[explman]

OK, costs up. Demand up, demand for what though? Do rich people buy small goods? 

[Diamondboy123]

Yes. 30 on a band.  Surrounding a 3 carat mother of a stone. Just like the one you can buy your wife if you buy mpvd and sit on it for six months. Serious 

[explman]

Have you figureed out what percetnage of GK revgenbue comes from smalls and what comes from 10+?